Section 44AB of the Income Tax Act

Sat, 16 May 2026 00:00:00 +0000

Section 44AB of the Income Tax Act, 1961 is the principal tax audit provision under Indian direct tax law. The section requires every person carrying on business or profession to get their accounts audited by a Chartered Accountant if the gross receipts, total turnover, or gross professional fees exceed prescribed thresholds. The provision is administratively foundational to the income-tax framework, as the tax audit report submitted under Section 44AB provides the Income Tax Department with an independent verification of the taxpayer’s business income computation, expense claims, depreciation, statutory deductions, and other taxable items.

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Section 44AB of the Income Tax Act